Accounting Theory 7e is the new edition of this widely respected accounting theory textbook. The new edition has been updated in accordance with ongoing developments the IASB Framework and reporting and disclosure requirements as a consequence of international harmonisation of accounting standards. The strength of this textbook has always been the balanced approach taken to explain and discuss alternative theories. The new edition continues with this tradition and seeks to make a clearer connection for students, studying accounting theory, that accounting theory is important and relevant. The Framework of the International Financial Reporting Standards (IFRS) has required significant consolidation and rewriting of chapters. More than ever, the focus of this new edition is to provide students with an understanding of the Framework and how accounting information can be interpreted, disclosed and reported in practice. The new edition continues to present the latest research and developments in accounting theory whilst maintaining an objective perspective.

Author Biography

Professor Jayne Godfrey., BCom (Hons), DipEd, MEc, PhD, isPresident of Academic Board and Professor of Financial Accountingat Monash University. Her publications draw upon a range ofaccounting and auditing theories. For her service to Australiansociety through business leadership, Jayne was awarded Australia'sCentenary Medal. A past member of the Australian AccountingStandards Board, and past president of the Accounting Associationof Australia and New Zealand, she frequently addressesinternational and national audiences concerning accounting researchissues. She is currently a member of Australia's Water AccountingStandards Board, applying principles consistent with accountingtheories described in this book. Jayne's research focuses on therole of accounting and auditing in generating and distributingeconomic resources, including the contracting and capital marketcauses and consequences of earnings management, and auditorspecialisation. Professor Allan Hodgson, BEc (Hons), MEc, PhD, is Dean ofthe Amsterdam Business School and Director of Graduate Studies atthe University of Amsterdam. Allan has lectured in accountingtheory and fi nancial statement analysis in Africa, Europe,Australia, the United Kingdom and the United States. His publishedresearch in international journals covers insider trading,derivative markets, banking, capital market research, corporategovernance and intangibles. He is currently on the editorial boardsof six international journals. Professor Ann Tarca, PhD, MAcc, BCom, is a professor inthe Accounting and Finance group of the Business School at theUniversity of Western Australia (UWA). She has over 20 yearsteaching experience, with the last 15 years being spent at UWAworking with both undergraduate and post-graduate students.Following from her experience as a chartered accountant in publicpractice, her research has focused on financial reporting standardsand practices. She has a particular interest in internationalissues including standard setting, regulation and enforcement. Professor Jane Hamilton, BBus, MAcc, PhD, is Professor ofAccounting at the Bendigo campus of the Regional School ofBusiness, La Trobe University, and previously held academicpositions at the University of Technology, Sydney. Jane has 20years experience in teaching and has published the results of herauditing research in several Australian and internationaljournals. Professor Scott Holmes, BCom, PhD, FCPA, is currently ProVice-Chancellor (Research), Dean of Graduate Studies and Professorof Accounting, The University of Newcastle and Honorary Professor,UQ Business School, The University of Queensland. Scott hasheld academic positions at a number of universities, includingAustralian National University, Queensland University ofTechnology, The University of Queensland, University of Arizona andUniversity of Oregon. He has also acted as a consultant to severalof the multinational accounting fi rms, and in 2007-08 was senioradviser to the New South Wales Treasurer. In 2004, Scott was made alife member of the Small Enterprise Association of Australia andNew Zealand in recognition of his research in the area of small-firm financial management and reporting. Scott's current researchfocus is budget and reporting models in a health setting.